Business & Money | Wednesday 3 July, 2024 9:12 am

BUDGET SAUDI ANNOUNCES SUCCESSFUL ACQUISITION OF AUTOWORLD

United International Transportation Company (“Budget Saudi” or the “Company”) (TADAWUL: 4260), the leading comprehensive mobility solutions provider in the Kingdom of Saudi Arabia (“KSA”), today announced that its shareholders have voted in favor of the acquisition of Al Jazira...

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Business & Money | Wednesday 3 July, 2024 9:04 am

Sheikha Latifa bint Mohammed bin Al Sheikh Mejren Partners with Metric to Empower SMEs in Dubai and Beyond

In a monumental move set to redefine the SME landscape in the UAE, Metric, a global financial analytics and intelligence platform for small and medium businesses (SMEs), has joined forces with Sheikha Latifa bint Mohammed bin Al Sheikh Mejren & AFAQ Group for Investments. This alliance marks a...

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Business & Money | Tuesday 2 July, 2024 10:29 am

Prince Mohammed Bin Salman College and KPMG partner for Family Business Hackathon

This first edition of the Family Business Hackathon is an initiative of the Prince Mohammed Bin Salman College of Business and Entrepreneurship (MBSC) and the National Center for Family Business. KPMG was onboarded as the Knowledge Partner and Diamond Sponsor, underscoring their commitment to...

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Business & Money | Tuesday 2 July, 2024 10:27 am

Azizi Developments engages three elite architectural firms for the design of Azizi Opera

Azizi Developments, a leading private developer in the UAE, has announced that it is asking three globally renowned companies, SAA Architects, MAD Architects, and Zaha Hadid Architects to compete in designing a concept for Azizi’s Opera, the crown jewel of its mixed-use development, Azizi Venice, ...

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Business & Money | Tuesday 2 July, 2024 10:26 am

“Tatweer Company” & “Dallah” Establish a Fund to Develop Land on King Fahd Road Worth Over 1.2 Billion Saudi Riyals in Riyadh

Tatweer Company, has announced the launch of a new mixed-use project valued at over 1.2 billion Saudi riyals in the heart of Riyadh. The project is designed to reshape the urban landscape and improve the quality of both working and living conditions in the city. Located along King Fahd Road, it...

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Business & Money | Tuesday 2 July, 2024 9:11 am

Arabian Pipes wins SAR 293M supply contract from Denys Arabia

Arabian Pipes Co. was awarded, on July 1, a contract worth nearly SAR 293 million to supply steel pipes to Denys Arabia Co. for the second phase of Jafurah field project, the company said in a statement to Tadawul. The contract is valid for 10 months, Arabian Pipes noted, adding that...

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Business & Money | Tuesday 2 July, 2024 8:52 am

ACWA Power inks SAR 1.4B financing deals for Tashkent's Riverside power plant

ACWA Power Co. said that ACWA Power Riverside Solar Energy Holding signed today, July 1, financing agreements worth SAR 1.4 billion with a consortium of development finance institutions, funds and international commercial lenders, according to a Tadawul statement.   The consortium...

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Business & Money | Tuesday 2 July, 2024 8:42 am

PIF makes SAR 64B profit in 2023

The Public Investment Fund (PIF) generated SAR 64.4 billion profit, against losses of SAR 14.7 billion a year earlier, backed by a 101% year-on-year (YoY) surge in revenues. Topline increased on income from investment activities, which reached SAR 93.8 billion, as Softbank swung to profits after...

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Business & Money | Monday 1 July, 2024 11:32 am

FAMCO Qatar Signs Major Agreement To Supply 25 Volvo Heavy-Duty FMX460 4x2 Trucks to Al Nasr Holding

Doha, Qatar – Al-Futtaim Auto and Machinery Company (FAMCO) Qatar is pleased to announce the successful sale of a large fleet of VOLVO FMX460 4x2 Heavy-Duty Tractor Head trucks to Al Nasr Holding (Venture Gulf Engineering), a leading business conglomerate in Qatar. The sale was finalized on May...

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Business & Money | Monday 1 July, 2024 10:15 am

Clemta: All-in-One Platform for Entrepreneurs Expanding into the US and Global Market

Against a backdrop of 5.5 million new businesses created in the US in 2023, leading company formation and financial management platform Clemta continues its global expansion via technical infrastructure development and adding Arabic language support. The Certified Acceptance Agent recognized by the ...

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